Unmindful of the risks involved, many investors are deviating from their original allocation plan and investing more in equity mutual funds as the market is nearing its all-time high, say mutual fund advisors. "Investors are riding high on the great show by the markets. They are overconfident about the markets. They believe the market is not going to come down any time soon and not taking into account the risks involved in equity investments," says Puneet Oberoi, a Certified Financial Planner based in Delhi.
S&P BSE Sensex is currently hovering around 29,485.45. Ample liquidity and investor confidence in the Indian economy are driving the market towards its all-time high. And investors, it seems, can't resist the temptation of betting on stocks. "Various media reports and all time high numbers are luring investors to invest in equities but they are forgetting that this is a risky time to invest too much in equities," says Amit Rathi, Certified Financial Planner.
